In addition to our success in pursuing projects in high visibility locations, Merced Marketplace is an example of our efforts to develop in areas of high growth. Rapid growth in this community, including the future home of the new University of California at Merced near our site, will ensure its long-term success. This 250,000 square foot site located in Merced, California features Lowe's, Barnes & Noble, Best Buy, Linens 'n Things, Pier 1 Imports, and Applebee's.